FINANCING PROGRAMS



Cooperative Development & Livelihood Office
1. Development and Livelihood Fund Under ER 1-94 (DOE)
  • Source of Funds: ¼ of 1 centavo per kilowatt-hour of Total Electricity Sales ( DOE thru NPC)
  • Eligible Borrowers: Coops, LGU, Bgy. Council
  • Livelihood Projects:
    • • Small and medium scale cottage industry
    • • Agri-business program
    • • Aqua-business program
    • • Cooperative sari-sari store
    • • Custom servicing of farming equipment and machinery or faming working animals
    • • Waste recycling business
2. Greater Monetary Assistance- Presidential Social Fund
  • Source of Funds: President Social Fund- Livelihood
  • Assistance Program
  • Eligible Borrowers: Displaced workers either individual or
  • cooperatives
  • Documentary Requirements:
    • • Application Form
    • • Project Proposal (manufacturing/production/processing agri or non-agri project)
    • • Sketch map of the project
    • • Barangay Certificate
    • • Residence Certificate
    • • Certificate of Training related to the project to undertake
  • Lending Terms
    • • Loanable Amount
      • * P500,000 for cooperatives
      • * P100,000 for associations
  • • Interest rate of 10% per annum
  • • Service Charge of 1%
  • • Payment Term : 2 years with 4 months grace period
3. City Livelihood Assistance Program under C.O. No. 05-4719

Created purposely to provide financing to livelihood projects

Eligible Borrowers:
  • 1. Institutional Borrowers
    • • Non-government organizations
    • • Government Organizations
    • • People’s Organizations
    • • Registered Cooperatives
    • • Private Organizations
  • 2. Self-Help Groups
    • • Borrowers must be of legal age and residents of the same barangay
    • • Having been in business for at least six (6) months
    • • Business shall be located within the barangay where borrowers reside
    • • Have the willingness to form association or cooperative
Note : Self-help group projects are supervised by CDLO

Lending Terms:
  • 1. Institutional Borrowers
    • • Maximum amount of P1,000,000 to be released in full and payable within 2 years
    • • Interest rate : 4% applied on a diminishing balance
  • 2. Self-Help Groups
    • • Maximum loanable amount - P20,000/member
    • • Minimum loanable amount - P 5,000/member
    • • Interest Rate – 4% per annum on diminishing balance
Documentary Requirements:
  • 1. Institutional Borrowers
    • • Project Proposal/Business Plan
    • • Application form
    • • List of members with their corresponding capital /contribution to the association / coops and their addresses
    • • Certificate of registration with SEC, CDA or any appropriate agency approved by law
      • a. Minutes of meeting of at least four(4) criteria:
      • b. Barangay Captain certificate certifying that the proponent has been existing for at least six (6) months
      • c. Have members regularly paying annual / monthly dues or capital
      • d. Proof of programs / Projects launced
    • • Notarized Board Resolution authorizing representative of the borrower to incur indebtedness with CLAP
    • • Evidence availability of counterpart ( notarized )
    • • Latest Notarized Financial Statement
    • • Map / sketch of the Project Site
  • 2. SELF- HELP GROUPS
    • • Barangay Captain Certificates certifying that the borrower/s are bonafide residents of the Barangay for at least six (6) months prior to loan assistance application
    • • Residence Certificate and other requirements deemed necessary (Minimum of Five (5) individuals to form an association, Policies, Agreement, PIP, Sketch Map, Pictorial re: project, etc. )
    • • Simplified Business Plan

For more information and inquiries, please visit or contact us:
Cooperative Development & Livelihood Office
2/F DBP Bldg., Picardal St., Pala-o, Iligan City
Tel. Nos. 223-2614; 223-3362
__________________________________________________________________________

B. MSU-IIT MULTI PURPOSE COOPERATIVE

1. SAVINGS PRODUCTS
  • - Share Capital
  • - Regular Savings
  • - Time Deposit
  • - Kiddie Savings
  • - ATM Savings Deposit
  • - Sunshine (DAMAYAN ) Fund
  • - Special Savings Products: [ COSA REAL (Housing) CollegeAllowance Fund (Calf), Hospitalization Plan, Mortuary, Retirement/Pension Plan]
2. LOAN PRODUCTS
  • - Petty Cash Loan
  • - Back –to- Back Time Deposit
  • - Short Term Loan
  • - Equipment Loan
  • - Livelihood Loan
  • - Medical Emergency Loan
  • - Car Loan
  • - COSA Real Loan
  • - Multi- Purpose Loan
  • - LEAD
  • - Educatonal Loan
  • - P.O Loan
3. COOP ACADEMY
  • - Pre- School
  • - Grade School
  • - High School
4. COOP LIFE INSURANCE

5. WESTERN UNION

6. COOP CARE

7. TRAVEL & TOURS

8. N- CASH

HOW TO JOIN THE COOP

  • • Attend the Pre- membership Education Seminar ( PMES) and pay seminars fee of P 50.00;
  • • Submit to the Branch/ satellite duly Accomplished Membership Application form with the following requirements:
    • - Birth Certificate
    • - Marriage Certificate ( if married)
    • - Birth Certificate of children below 21 years old.
    • - 2 pcs. 1 x 1 ID pictures
    • - 1 pc. 2 x 2 ID picture
  • • BOD approval of the membership application;
  • • Pay the Membership fee of P 100.00;
  • • Commence the placing of the initial minimum Share Capital (SC) of P 250. 00 ( equivalent to 5 shares at P 50.00 per share), Savings Deposit (SD) of 150 and Sunshine (DAMAYAN) Fund enrolment fee of P 200.00;
  • • Regularly Build Up Share Capital - minimum of P 100.00 per month, Savings Deposit – P 50.00 per month and Sunshine (DAMAYAN) Fund (P 65.00 or P 75.00 0r P 100.00 per month plus P15 per parent per month, if biological parents are included);
  • • To become a Member in Good Standing (MIGS) a share capital (SC) of P 1,000.00 and Savings Deposit (SD) of P 500.00 are required;

PRIVILEGES OF A MEMBER

Every regular member in good standing (MIGS) shall enjoy the following privileges:
  • a) Participate in the deliberation during the membership/ ownership meeting.
  • b) Vote on all matters brought before this meeting.
  • c) Receive interest on his deposits and share capital in the MSU-IIT MPC, and patronage refunds, if any.
  • d) Inspect and examine the books of accounts, the minute’s books, the share registrar, and other records of MSU-IIT MPC during office hours.
  • e) Avail the loan and savings, and other products and services.
DUTIES OF A MEMBER

Every member shall have the following duties:
  • a) Pay the installment on pledged share capital, loans and other obligations as they fall due.
  • b) Have a continuous regular savings.
  • c) Participate in the capital build up program.
  • d) Patronizing the business.
  • e) Participate in the parliamentary affairs of the cooperative.
  • f) Abide by the rules and regulations provided by P.A. 6938, the MSU-IIT MPC by – laws, the decisions of the General Assembly and the Board of Directors, and the policies and decisions that may be promulgate by the Cooperative Development Authority (CDA).
  • g) Promote the aims and purposes of the MSU-IIT MPC, the success of its business, the welfare of its members, and the cooperative movement as whole.
REGULAR SCHEDULE OF
PRE- MEMBERSHIP EDUCATION SEMINAR:

TIBANGA BRANCH
Monday 5:00 PM - 7:00 PM
Saturday 8:30 AM – 11:00 AM

PALA-O BRANCH
Wednesday to Friday
5:00 PM– 7:00 PM

KIWALAN BRANCH
Tuesday and Thursday
5:00 PM – 7:00 PM

BURU-UN BRANCH
Tuesday and Thursday
5:00 PM – 7:00 PM
Saturday: 9:00 AM – 11:00 AM

MARANDING BRANCH
Monday to Saturday
9:00 AM – 11:00 AM

BULUA BRANCH
Monday to Friday
9:00 AM – 11 AM
2:00 PM – 4:00 PM

POBLACION SATELLITE OFFICE
Tuesday, Wednesday & Thursday
5:00 PM – 7:00 PM

TUBOD SATELLITE OFFICE
Monday, Wednesday & Friday
5:00 PM – 7:00 PM

MANTICAO SATELLITE OFFICE
Monday to Friday
10:00 AM – 12:00 Nn
4:00 Pm – 6:00 PM

SUAREZ SATELLITE OFFICE
Monday to Thursday
10:00 AM – 12:00 Nn
3:00 PM – 5:00 Pm

Contact Details:

MSU-IIT MULTI – PURPOSE COOPERATIVE
HEAD OFFICE
A. Bonifacio Ave., Tibanga, Iligan City
Telefax No. : (063) 223-5874

TIBANGA BRANCH
A. Bonifacio Ave., Tibanga, Iligan City
Tel No.: 221-4063; 221-464; 225-3889

POBLACION SATELLITE OFFICE
Betty’s Bldg. , Poblacion, Iligan City
Tel No.: 221-0262

PALA-O BRANCH
Quezon Ave. Ext., Pala-o, Iligan City
Tel No.: 223-2779; 225-4923

TUBOD SATELLITE OFFICE
E. Alquizar Avenue, Tubod, Iligan City
Tel No.: 225-4875

KIWALAN BRANCH
Kiwalan Hi-way, Iligan City
Tel No.: 225- 2701

MANTICAO SATELLITE OFFICE
Prk. 4, Poblacion, Manticao, Misamis Oriental
Tel No.: (088) 583-0127

BURU-UN BRANCH
Buru-un Hi-way, Iligan City
Tel No.: 223-8440

SUAREZ SATELLITE OFFICE
Zone Gemini, Suarez, Iligan City
Tel No.: 225-9830

MARANDING BRANCH
Prk. Apitong , Maranding, Lala, Lanao del Norte
Tel No.:(063) 388-7376

BULUA BRANCH
# 031 Zone2, Upper Bulua, Cagayan de Oro City 9000
Tel No.: (088) 309-5808
__________________________________________________________________________

II. NATIONAL FINANCING FOR MSMEs

DEVELOPMENT BANK OF THE PHILIPPINES

OTOP CREDIT FACILITY for LGUs, OFWs, and MSMEs

ELIGIBLE BORROWERS:

LGUs, OFWs, and MSMEs with existing or start-up OTOP projects and other income-generating undertakings highly supportive of the OTOP Program.
  • • For MSMEs, loan proposals shall be favorably endorsed by the Department of Trade and Industry’s Regional Operations Group (ROG) or any of DTI’s Regional or Provincial Offices;
  • • For land based OFWs, priority shall be given to those endorsed by the National Reintegration Center;
  • • For sea based OFWs, priority shall be given to loan proposals endorsed by Magsaysay Maritime Corp., Nipon Yusen Kaisan or other DBP partner agencies.
LOAN FEATURES:

  • • Eligible Loan Purposes
    • - All project- related expenditures;
    • - For LGUs, funding may be for common service facilities (including but not limitedto, farm to road networks, markets, pasalubong centers, OTOP display centers, terminals, warehousing facilities, machineries and equipment, etc.) for the benefit of the OTOP entrepreneurs, in the locality. LGUs may use loan proceeds for relending to DTI-assisted OTOP entrepreneurs.
  • • Amount of Loan
    • - Up to 90% projects cost, depending on fund source and borrowing capacity;
    • - For LGUs loan amount shall based on limitations borrowings set forth by the Local Government Code.
  • • Funding Source
    • - IGLF/SSS/ODA. Funds/Bank funds, depending on project eligibility.
  • • Repayment Term
    • - Term of the loan shall be based on projected cash flows, but not to exceed:
    • - 180 days for export packing credit
    • - One (1) year for production credit
    • - Five(5) years for permanent working capital
    • - Ten (10)years for capital expenditures
    • - Maximum grace period shall not exceed 1 year for working capital and 3 years for fixed asset acquisition/building construction.
  • • Interest Rate
    • - 8% to 10 % annum; fixed for 3 years; depending on Borrower Risk Rating (BRR);
    • - With premium of 1 % for loans over 3 years up to 5 years and 2 % for loans for 5 years.
  • • Mode of Payment
    • - Loan shall be payable monthly, quarterly or semi-annually depending on the cash flow of the project.
  • • Collateral
  • The loan shall be secured by any or a combination of the following:
    • - Real Estate/Chattel mortgage
    • - Hold-out on deposit
    • - For LGUs, Deed of Assignment of specified portion of IRA
    • - Co- market ship; Joint and Solidary Signature
    • - Assignment of project income, purchase Orders, export receivable, etc.
    • - Guarantee from Philexim/ SBGFC/LGUGC/endorsing organization.
  • The strength of cash flow and cash capture mechanism shall be the overriding considerations in requesting waiver of the collateral requirement.
DBP Customer's Information Report Template click here

DBP CIS Template click here
__________________________________________________________________________

TRADE FAIR FINANCING

Program Objective:

Short term loan to support participation in domestic/ local and foreign trade shows.


Program Objective:
Exporters (direct/ indirect)/ Retailers of various industry sectors (furniture, gift, toys, house wares, Christmas decors, garments, fine jewelries, and food among others) whether single proprietorship, partnership or corporation.

Loan Purpose:

Trade show financing


Terms/ Requirement:
  • Amount
  • • Up to 60% of the cost of trade show/fair participation:
  • • Maximum of P200, 000.00 for domestic show and P300, 000.00 for international show.
  • Interest Rate: Commercial rate at the time of booking.
  • Maturity/ Repayment: Payable in six (6) and ten (10) months for domestic and
  • international shows, respectively.
  • Security:
  • • 20% Cash Margin on loan amount
  • • Post dated checks (PDCs
Program Partner/ Conduit:
Philippine export- Import Credit Agency(PHILEXIM)

Contact Persons:
Luellia E. Cayas
Business Manager
Phone:878-0200
E –mail :lecayas@exportbank.com.ph

Katrina B.Sanvictores
Commercial Banking Head
Phone: 878-0211 Fax: 878- 0249
E-mail: kbsanvictores@exportbank.com.ph
__________________________________________________________________________

ACCELERATING CHANGE IN THE COUNTRYSIDE THRU EQUITY SHARING STRATEGY (ACCESS)
Program Objective:
To catalyze countryside development by promoting livelihood and rural employment, and by priming up local agro- related and off-farm economic projects to raise productivity and income in priority areas of the country.

Program Components:
  • • Equity investment
  • • Provision of Professional Management Team
  • • Technology Transfer and Marketing Assistance
  • • Equity Divestment

Maturity/ Repayment:
  • • Short- term loans – Maximum of one year
  • • Long- term loans – Maximum of five years, inclusive of a maximum one year grace period on principal monthly amortization.
Security :
The program will not decline a loan on the basis of inadequate collateral. However, the borrower must be willing to mortgage any available business and personal collateral, including assets to be acquired from the loan, to secure the borrowing. The following are acceptable collaterals:
  • • Registered/ unregistered REM/CHM
  • • Assignment of life insurance
  • • Assignment of LC/PO or sales invoice (for export packaging loans)
  • • For franchisees, the following may be considered:
  • -Corporate guarantee
  • - Assignment of lease rights
Program Partners:
Development Bank of the Philippines (DBP)
National Livelihood Support Fund (NLSF)
Philippine Export –Import Credit Agency (PhilEXIM)
Quedan Corporation (Quedancor)
Small business Corporation (SD Corporation).

Contact Details:
Program Management Department (PMD)
Phone: (632)522.0000. (632) 551.2200 locals 2650, 2589
Direct Line: (632) 405. 7309. (632) 405. 7427
(632) 528. 8541/42/43
E -mail: sme-pme@mail.landbank.com
__________________________________________________________________________

SMALL AND MEDIUM ENTERPRISE CREDIT PROGRAM (SMEC)

Program Objectives:
  • • To provide loans to SMEs through its accredited Intermediately Financial Institutions (IFIs) such as Thrift Banks, Rural Banks, Microfinance Institutions and Cooperative as conduit for lending; and,
  • • To provide business support to IFIs and enhance their lending capabilities to improve SMEs productivity and competitiveness

Eligible Borrowers:
Micro, small and medium enterprises who meet the following qualifications:
  • • For sole proprietorship – the owner must be a citizen or permanent legal resident of the Philippines;
  • • For corporation, partnership or business organization – Philippine nationals must own more than 50% of the enterprise;
  • • Have principal place of business in the Philippines;
  • • Have a 100% privately- owned business with total assets of between P150, 000.00 to not more than P100 Million excluding land value.
Loan Purposes:
To finance investment of new and expansion of existing businesses for:
  • • Acquisition of fixed assets such as land, building, machinery and equipment;
  • • Payment for related services such as equipment installation, testing and start- up; and,
  • • Working capital.
Loan Amount , Interest, Repayment Terms and Security:
Subject to discussion/ negotiation by the borrower with the IFI.

Contact Details:
PHILIPPINE BUSINESS FOR SOCIAL PROGRESS (PBSP)
Philippine Social Development Center
Magallanes corner Real Streets, Intramuros, Manila
Phone: (632) 527.7741 to 48
Telefax: (632) 527.3751
E mails: pbsp@pbsp.org.ph
www.pbsp.org.ph
__________________________________________________________________________

LIVELIHOOD DEVELOPMENT PROGRAM FOR OVERSEAS FILIPINO WORKERS
(OWWA- NLSFLDPO)


Program Objective:
To help OFWs and their families start or sustain their own business through access to credit, capability building, market linkage and other forms of livelihood or entrepreneurial assistance.

Eligible Borrowers:
  • • All active and former member- OFWs Overseas Workers Welfare Administration (OWWA)
  • OFWs immediate family members (but only one family member per OFW can avail)
  • -for married OFWs: spouse or children of legal age
  • -for single OFWs: parents or children of legal age
  • • For asset acquisition or construction (except for purchase of land – payable in 3 to 5 years including one – year grace period on the principal.
Terms/ Requirements:
  • Amount
  • • Individual Borrower – maximum of P200,000.00
  • • Organized and Registered Group of at least five members- maximum of P1.0 Million.
  • Interest Rate
  • NLSF to Program Partners
    • -Interest: 3% per annum to be amortized with principal
    • - Service Fee: 1% per annum to be deducted upon loan release and every start of succeeding year based on outstanding balance
  • • Conduits to OFW borrower
    • o Interest: 9% per annum to be paid on maturity of short term loan or amortized with principal in case of 3-5 year loans
    • o Service Fee: 2% per annum payable upon loan release and at the start of every year thereafter based on outstanding balance
    • o Facilitation Fee: 3% one time for the entire term of loan (to cover for CI/BI, appraisal and processing expenses)
Security:
Loans shall be 100% collateralized by any or a combination of the following unencumbered assets/ rights:
  • • Real estate
  • • Chattel properties
  • • Stock inventories
  • • Receivables
  • • Insurance/ pre- need policies
  • • Other types of collateral acceptable to the NLSF conduit

Loan Requirement for OFWs:
  • • Proof of OWWA contribution
  • • Business Plan/ Project Feasibility Study
  • • Business permit/ license for on – going projects
  • • Financial statements in case of borrower’s relationship with the OFW (for beneficiaries)
  • • Collateral papers/ ownership titles, etc.
Contact Details:
NATIONAL LIVELIHOOD SUPPORT FUND (NLSF)
4th Floor, Hansom Building, Emerald Avenue
Ortigas Center, Pasig City 1600
Phone :(632) 631. 2955/57/44/47. (632) 914.7290 to 97
Fax: (632) 631. 2953/54
E-mail: nlsf@nlsf.gov.ph
__________________________________________________________________________

MICRO- LENDING THROUGH RURAL BANKS
(MICRO – LOCAL)


Eligible Borrowers:
Micro, small and Medium Enterprise (MSME)- Oriented Rural Banks
  • o May be a start – up in micro – finance, but minimum of three (3) years as a bank
  • o Minimum number of micro- finance clients: If a start – up, should plan for at least fifty (50) clients
  • o Minimum manpower in micro- finance operations: If a start- up, should plan for at least three(3)
  • o Minimum asset size: Per BSP guidelines
  • o Minimum current ratio of 1:2
  • o Maximum debt- equality ratio after loan: Per BSP guidelines
Loan Purpose : For re – lending to micro entrepreneurs.

Terms/ Requirements:
  • Amounts:
    • • Minimum of P200,000.00; Maximum of P50.0 Million for the 1st year with SB Corp; double of first year for succeeding years with SB Corp
  • Loan Availment per Drawdown:
    • • Minimum of P100,000.00; Maximum of P2.0 Million or 20% whichever is higher
  • Interest Rate:
    • • Retail lending rate less 0.5% if start – up in micro- finance; up to 2.5% points less
  • Service Fees:
    • • Evaluation Fee (once a year) – 0.1% of loan amount but not less than P30,000.00
    • Availment Processing Fee – 0.25% availment but not less than P1,000.00
    • • Out – of – town Processing Fee – same as retail lending
  • Total Effective Rate (excluding out – of – town processing fee):
    • • Large Micro Finance – Oriented Institutions – 9.35% per annum minimum; 11.35% p.a. maximum
Contact Details:

SMALL BUSINESS CORPORATION
(Small Business Guarantee and Finance Corporation)
17 & 18 Flrs, Antel Corporate Center, 139 Valero Street
Salcedo Village, Makati City

Ms. Luna C. David
OIC – Finance and Guarantee Sector
Phone: (632) 751. 1888
Fax: (632) 813 – 5726. 894. 1677
E- mail : ldavid@sbgfc.org.ph
__________________________________________________________________________

MICROFINANCE PROGRAM

Program Objective:
To provide the poor with access to livelihood credit and other microfinance services through accredited partner microfinance institutions (MFIs).

Eligible Borrowers/ Sub – Borrowers:
  • • Borrowers (Accredited MFIs) – non – Government Organizations (NGOs), Cooperatives, Rural and Cooperative Banks, Thrift Banks duly organized, with either a track record of lending operations or with proven capabilities in implementing microfinance programs that canaugment the income of targeted poor clients.
  • • Sub – borrowers – households below the poverty threshold level as defined by the National Economic Development Authority (NEDA) and identified by the Government’s Social Reform Agenda through the National Anti-Poverty Commission (NAPC).

Loan Purposes:
  • • Borrowers/ MFIs
    • o Investment Credit – a revolving credit line for relending to sub- borrowers to finance their livelihood projects.
    • o Institutional Credit – for capability building activities of MFI's.
  • • Sub- Borrowers- working capital for income generating activities (livelihood).

Terms / Requirement:
  • Amount
    • • Borrowers / MFIs – Based on evaluation / credit needs.
    • • Sub – borrowers in Groups or Centers or Individuals – up to a maximum of P150, 000.00 depending on sub – borrower requirements and cash flows.
  • Interest Rate
    • • Borrowers / MFIs
      • o Investment Credit: 12% per annum + 1% service charge
      • o Institutional Credit: 3% per annum + 1% service charge
    • • Sub – Borrowers – Subject to guidelines of the MFI Borrowers.
  • Maturity / Repayment
    • • Borrowers / MFIs
    • • Sub – borrowers – Six months to One year term; normally payable weekly or as per policy of the MFI.
  • Security
    • • Borrowers / MFIs
    • • Sub – borrower – essentially no collateral.
Contact Details:
PEOPLE’S CREDIT AND FINANCE CORPORATION (PCFC)
Accelerando Building, 395 Sen. Gil J. Puyat Avenue, Makati City

Regions 1, 2 and CAR:
Mr. Dennis A. Monong
AVPAMGI
Phone: (632) 752. 3745

Regions 3 and 5 :
Mr. Ariel M. Tatlonghari
AVPAMG2
Phone: (632) 752. 3747

Regions 4 and NCR:
Ms. Jessica A. Barrun
AVP – AVG3
Phone: (632) 752. 3746

Regions 6, 7, and 8:
Mr. Jose Rico C. Coligado
AVPAMG4
Phone: (632) 897. 9673

Regions 9, 10, 11, 12, CARAGA and ARMM:
Mr. Erwin M. Idong
AVPAMG5
Phone: (632) 897. 9680

Fax:(632) 325.0448
E- mail: info@pcfc.ph
Website: www. pcfc. gov. ph
__________________________________________________________________________


MICRO – LENDING THROUGH LEAD MICRO FINANCE INSTITUTIONS
(MICRO - LEAD)


Eligible Borrowers:
  • • Large Micro Finance – Oriented Institutions
    • o Minimum track record in micro – finance : ten (10) years inclusive of prior organizational set – up
    • o Minimum number of micro – finance clients: 20,000; if wholesaler, 20 conduits
    • o Minimum manpower in micro – finance operations: 100; if wholesaler, 20
    • o Minimum asset size of P100.0 Million
    • o Minimum current ratio of 1:2
    • o Maximum debt - equality ratio of 70: 30 after loan
  • • Medium Micro finance – Oriented Institutions
    • o Minimum track record in micro – finance : 3 years
    • o Minimum number of micro – finance clients:3,000; if wholesaler, 10 conduits
    • o Minimum manpower in micro – finance operations: 20; if wholesaler, 10
    • o Minimum asset size of 1:2
    • o Maximum debt – equality ratio of 70:30 after loan
Loan Purpose:
For re- lending to micro entrepreneurs.

Terms / Requiremnets:
  • Amounts
    • • Large Micro Finance- Oriented Institutions – Minimum of P15.0 Million; Maximum of P100.0 Million for the 1st with SB Corporation; double of first year for succeeding years with SB Corp.
    • • Medium Micro Finance -Oriented Institutions – minimum of P3.0 Million; Maximum of P50.0 Million for the 1st year with SB Corporation; double of first year for succeeding years with SB Corp.
  • Loan Availment per Drawdown
    • • Large Micro Finance-Oriented Institutions – Minimum of 5% of credit line; Maximum of 20% of credit line
    • • Medium Micro Finance-Oriented Institutions – Minimum of 5% of credit line; Maximum of 20% of credit line
  • Interest Rate
    • • Large Micro Finance-Oriented Institutions – 2.5points less than retail lending rate
    • • Medium Micro Finance- Oriented Institutions – 2.0% points less than retail lending rate
  • Service Fees
    • • Large Micro Finance-Oriented Institutions:
      • o Evaluation Fee (once a year) – 0.05% of loan amount
      • o Availment Processing Fee – 0.1% of availment
      • o Out-of-town Processing Fee – same as retail lending
    • • Medium Micro Finance-Oriented Institutions:
      • - Evaluation Fee (once a year)
      • - Availment Processing Fee – 0.1$ of availment
      • - Out- of-town Processing Fee – same as retail lending
  • Total Effective Rate (excluding out-of-town processing fee):
    • • Large Micro Finance- Oriented Institutions – 9.15%per annum
    • • Medium Micro Finance-Oriented Institutions -9.65%per annum
Contact Details:
SMALL BUSINESS CORPORATION
(Small Business Guarantee and Finance Corporation)
17 & 18 Flrs, Antel Corporate Center, 139 Valero Street
Salcedo Village, Makati City

Ms. Luna C. David
OIC – Finance and Guarantee Sector
Phone: (632) 751. 1888
Fax: (632) 813 – 5726. 894. 1677
E- mail : ldavid@sbgfc.org.ph
__________________________________________________________________________

WORKERS MICROFINANCE PROGRAM
(KALINGA para sa mga Manggagawa Fund)


Program Objectives:
  • • To alleviate poverty among target workers through micro entrepreneurship activity;
  • • To support employment generation and promotion of workers entrepreneurial; and
  • • To facilitate the access of workers to credit services to finance their livelihood and entrepreneurial activities.
Eligible Sub- borrower:
  • • Displaced workers in the formal, informal, and public sector;
  • • Workers with existing micro- enterprise venture needing expansion; and
  • • Workers with no existing micro – enterprise but:
    • o are willing to engage in such endeavor;
    • o have participated in appropriate livelihood / entrepreneurial training;
  • • At least one (1) year residency in the area;
  • • The micro-enterprise should have weekly or daily income;
  • • Must be 18-65 years old;
  • • One member per household can apply;
  • • Nat existing loan with a microfinance institution (MFI) / People’s Credit and Finance Corporation (PCFC); and
  • • Household monthly income of not more than P10, 000 or below the poverty threshold.

Eligible Sub-Project:
  • • Handicraft and small manufacturing (i. e. rug making, basket making, etc.);
  • • Services (i. e. tricycle operation, barber / parlor shop, repair shop, etc.)
  • • Food production /processing (i. e. meat processing, candy making, bakery, etc.)
  • • Small agribusiness projects (i. e. small piggery / poultry, cut flower production) and production loan for non-traditional crops (i. e. vegetables) but should be supplemented by a business activity which yields a daily income; rice and corn and other traditional crops are excluded; and
  • • Market vending and small trading (i. e. sari-sari store, fish, vegetables vending)
Loan Purpose:
Financing of livelihood and entrepreneurship activities.

Terms /Requirements:
  • Amount
    • • 1st loan – not more than P6,000.00
    • • 2nd loan to subsequent loans – upon evaluation of the MFIs, based on the previous performance of the sub-borrower
    • • A gradual increase may be given subject to the needs of the borrower and should be supported by a cash flow statement.
    • • The maximum loan amount is P150, 000.00
  • Interest Rate: Shall be based on market rate
  • Maturity / Repayment: Shall be based on the sub-project cash flow and the sub-borrowers’ overall repayment capacity.
Procedure:
Step 1
  • • Worker /Sub- borrower fills up registry form in the Public Employment Service Offices (PESO) located in all Municipal and Provincial government offices, DOLE Regional Offices and attached agencies.
Step 2
  • • DOLE ROs and attached agencies or PESO evaluate and refer application to any PCFC- accredited microfinance institution (MFI) operating in the area.
Step 3
  • • MFI conduct credit investigation.
  • • Qualified sub-borrower is advised to attend compulsory group training.
  • • If borrower passes examination, loan is released.
Step 4
  • • DOLE-ROs and attached agencies / PESOs monitor results of referrals.
Contact Details:

DEPARTMENT OF LABOR AND EMPLOYMENT
BUREAU OF RURAL WORKERS (DOLE- BRW)
9F, G.E Antonio Building, T. M. Kalaw and J. Bacobo Streets,
Ermita, Manila

Bureau of Rural Workers
Phone: (632) 527. 5857. 404.3336
Fax: (632) 527. 5858
e- mail: brwain@meridiantelekoms.net
www.brw.dole.gov.ph
__________________________________________________________________________

MICRO-LENDING THROUGH SMALL MICRO FINANCE INSTITUTIONS AND COMMUNITY COOPERATIVES (MICRO-LEAP)

Eligible Borrowers:
NGOs / People’s Organizations / Community Cooperatives
  • • Community Cooperatives
    • o Minimum track record in micro-finance clients: 20 members lent to
    • o Minimum number of micro-finance operations: (2), one of whom may be part-time
    • o Minimum asset size of P500, 000. 00; with net worth of at least P300,00.00
    • o Minimum current ratio of 1:2
    • o Maximum debt-equality ratio of 70:30 after loan
  • • Lower Qualification Conduits
    • o Minimum track record in micro-finance: one (1) year
    • o Minimum number of micro-finance clients: twenty(20)
    • o Minimum manpower in micro-finance operations: two(2), one of whom may be part- time
    • o Minimum asset size of P300,000.00 (applicable to 20 priority provinces)
    • o Minimum current ratio of 1:2
    • o Maximum debt-equality ratio of 70:30 after loan
Loan Purpose:
For re- lending to microenterpreneurs.

Terms / Requirements:
  • Amounts
    • • Community Cooperatives – Minimum of P200,000.00; Maximum of P10.0 Million for the 1st year with SB Corp; Double of first year for succeeding years with SB Corp
    • • Lower Qualification Conduits – Minimum of P200, 000.00; Maximum of P5.0 Million for the 1st year with SB Corporation; Double of first year for succeeding years with SB Corp.
  • Loan Availment per Drawdown
    • • Community Cooperatives- Minimum of P100,000.00; Maximum of P2.0 or 20% whichever is higher
    • • Lower Qualification Conduits – Minimum of P100,000.00; Maximum of P1.0 or 20% whichever is higher
  • Interest Rate
    • • Community Cooperatives – 1.5% points less than retail lending rate
    • • Lower Qualification conduits – 0.5% points less than retail lending rate
  • Service Fees
    • • Community Cooperatives
      • o Evaluation Fee (once a year) – 0.2% of loan amount but not less than P3,000.00
      • o Availment Processing Fee – 0.5% availment but not less than P1,000.00
      • o Out-of-town Processing fee – same as retail lending
  • Lower Qualification Conduits
    • o Evaluation Fee (once a year) – 0.5% of loan amount but not less than P3,000.00
    • o Availment Processing Fee – 0.5% of availment but not less than P1,000.00
    • o Out-of-town Processing Fee – same as retail lending
  • Total Effective Rate (excluding out-of-town processing fee):
    • • Community Cooperatives – 10.7% p.a.
    • • Lowe Qualification Conduits- 12.0% p.a.
Contact Details:
SMALL BUSINESS CORPORATION
(Small Business Guarantee and Finance Corporation)
17 & 18 Flrs, Antel Corporate Center, 139 Valero Street
Salcedo Village, Makati City

Ms. Luna C. David
OIC – Finance and Guarantee Sector
Phone: (632) 751. 1888
Fax: (632) 813 – 5726. 894. 1677
E- mail : ldavid@sbgfc.org.ph
__________________________________________________________________________

NSLF MICROFINANCE PROGRAM

Program Objective:
To provide livelihood and enterprise development assistance to small farmer beneficiaries in the Agrarian Reform Communities (ARCs) and members of the marginalized sectors by providing access to micro credit through accredited NSLF program partners/conduits , supported by capability building/institutional development interventions.

Eligible Borrowers:
Program Partners/Conduits
  • o Rural Financial Institutions (RFIs)
  • o Cooperatives
  • o Non – Government Organizations (NGOs)

End – Borrowers:
  • o Small farmer households and their organizations in the ARCs
  • o Enterprising poor in the marginalized communities, including coconut farmers/workers under the Credit Assistance for Coconut Farmers (CACF) Program; youth graduates (18-35 years old) of entrepreneurial or skills training programs of TESDA and NYC (preferably out-of school youth).

Loan Purposes:
  • Omnibus Credit Line – funds for relending to finance the livelihood project requirement of end- borrowers.
  • Soft loan – intended to finance the logistic support expenses of the client in implementing the NSLF – funded credit program. The loan can be used specifically for the following:
    • o Conduct of capability – building/training programs for all the staff of the conduit handling the NSLF livelihood credit program and the conduct of social preparation activities for the sub-borrowers.
    • o Logistic support expenses as allowed by NLSF and depending on its assessment of the needs of the client.

Terms / Requirements:
  • Amount
    • Program Partners
      • o Omnibus Credit Line – Depends on the credit evaluation, program plans and number of target end- borrowers but not to exceed its total asset base.
      • o Soft loan – depends on the needs of the Program Partner as assessed by NLSF but not to exceed 10% of the approved credit line. There must be at least 50% availment from the credit line for relending before the soft loan could be availed of.
    • End – Borrowers – maximum of P50, 000.00 per sub-borrower.
  • Interest Rates
    • • Program Partners
      • o Omnibus Credit Line – 9% per annum
      • o Soft loan – 4% per annum; loan duration shall depend on the nature of the soft loan utilization but not to exceed three (3) years.
  • Security
    • • Program Partners
      • o Continuing Deed of Assignment of sub –borrowers’ Promissory Notes and their underlying collaterals
      • o Post – dated checks
      • o Chattel or Real Estate Mortgage, if any
    • • End _ borrowers – no collateral
  • Application Requirements
    • • Accomplished NLSF application form
    • • Registration and Incorporation papers
    • • Board Resolution authorizing the borrowing from NLSF and designating the officers to sign the documents
    • • Personal Data Sheet of the Board of Directors and Principal Officers including 2’x2’ pictures
    • • List of top 20 stockholders or regular members for coops or active/founding members for NGOs
    • • 3 years Audited plus latest interim Financial Statements
    • • Latest Microfinance Project Status Reports

Contact Details:
NATIONAL LIVELIHOOD SUPPORT FUND (NLSP)
4th Floor, Hansom Building, Emerald Avenue
Ortigas Center, Pasig City 1600
Phone :(632) 631. 2955/57/44/47. (632) 914.7290 to 97
Fax: (632) 631. 2953/54
E-mail: nlsf@nlsf.gov.ph
__________________________________________________________________________

AURORA INTEGRATED MULTI PURPOSE COOPERATIVE

Savings Products:
  • Regular Savings
    • • P 100.00 ang gikinahanglan nga paunang deposito
    • • 2.5% kada tuig ang interest
  • Special Kiddy/Teen Savings
    • • Pwede bisan P 1.00 ang ideposito
    • • 4% kada tuig ang interest basta maka abot na sa P100.00 ang deposito.
  • Time Deposit Rates:
  • Amount

    1 Month Term

    3 Months Term

    5,000 – 20,000

    5% kada tuig

    6% kada tuig

    20,001-50,000

    5.10% kada tuig

    6.10% kada tuig

    50,001 – 100,000

    5.15% kada tuig

    6.15% kada tuig

    100,001 – 500,000

    5.25% kada tuig

    6.25% kada tuig

    500,001 – 999,999

    5.50% kada tuig

    6.50% kada tuig

    1M pataas

    6% kada tuig

    7% kada tuig

  • Special Time Deposit
  • MICRO Time Deposit
    • • P 2,000 ang gikinahanglan nga deposito
    • • 7% kada tuig ang interest
  • MACRO Time Deposit
    • • P 5,000 ang gikinahanglan nga deposito
    • • 8% kada tuig ang interest
Unsaon Pagpamembero?
  • NO SERVICE CHARGE! lI
  • • Adto sa pinakduol nga opisina sa AIMCOOP.
  • • Magpa –orient sa Membership Development Specialist
  • • Magbayad sa pinaka-ubos nga bayronon sa pagpa membero sa
  • -Membership Fee P 50.00
  • - Share Capital P 100.00
  • - Saving Deposit P 100.00
  • - Mortuary Deposit P 500.00
  • - Annual Due P 5.00
  • - Death Aid P 6.00
  • Total (Category C) P 761.00
  • Category B P 1, 661.00
  • Category A P 2,661.00
AIMCOOP Offices:
Main Office – Aurora Kapatagan, Molave, Pagadian, Tukuran, Tubod,Midsalip, Dumingag, Margosatubig, Maigo, Ozamiz, Zamboanga City, Titay, Ipil, Imelda, Kabasalan.

Serbisyo sa Pagpahulam sa Kwarta
  • Emergency Loan/ Commodity Loan- 2.5 % kada bulan
  • Regular Loan-2.5 % kada bulan
  • Instant Loan-2.5 % kada bulan
  • Agricultural Loan/Copra Advances-2.5 % kada bulan
  • Money Market Loan-2.5 % kada bulan
  • MOA Borrowing-3 % kada bulan
  • Loan Against Savings-0.67% kada bulan
  • Loan Against Share Capital-1 % kada bulan

Magbasi sa imong kapasidad pagbayad ang kwarta nga imong mahulaman!

Benepisyo sa Mortuary
  • Libre para sa tanang regular members:
    • • Lungon
    • • Pag-embalsaman
    • • Sanina (Barong/Gown)
    • • Bulak
  • Libre ang gamit sa:
    • • Carpet
    • • Suga para sa vigil
    • • Porlon nga sakyanan
    • • Service vehicle
  • Mga pahinumdum
    • 1. Pangayo sa imong Official Receipt.
    • 2. Kung mo hawa sa pagkamembro, ang membership fee, annual due, death aid membership og ang mga nabayad sa patay dili na maulian.
    • 3. Adunay P200.00 o 1 % sa share capital ang bayran.
AIMCoop Cash Express

Seguridad, Dali og Barato nga pagpadala og kwarta sa imong mga mahal sa kinabuhi didto sa lugar nga adunay kitay opisina.

Bayrunon

500 paubos

P 20.00

501 – 1,000

P 25.00

1,001 – 10,000

P 40.00

10,001 – 100,000

P 100.00

100,001 - pataas

P 200.00


Uban nga serbisyo nga gitanyag:
  • • Pagpalit og pagbaligya og kopras
  • • Pagpalit og tibuok lubi
  • • Paggaling og pagbaligya sa bugas
  • • Abuno
  • • Trucking Services
Benepisyo nga makuha sa pag-apil sa AIMCoop:
  • • Dako ug lig-on nga kooperatiba.
  • • Member – centered nga serbisyo og podukto.
  • • Dali, sayon nga serbisyo og customer friendly nga trabahante.